Showing posts with label Quarterly. Show all posts
Showing posts with label Quarterly. Show all posts

Wednesday, April 4, 2012

Clough Global Opportunities Fund Declares a Quarterly Cash Distribution of $0.27 Per Share - Business Wire

DENVER--(BUSINESS WIRE)--Today, the Clough Global Opportunities Fund (NYSE Amex: GLO) declared a quarterly cash distribution of $0.27 per common share for April 2012. The dividend will be payable on April 30, 2012 to shareholders of record on April 13, 2012.

Clough Global Opportunities Fund Cash Distribution

Ex-Date: April 11, 2012
Record Date: April 13, 2012
Payable Date: April 30, 2012

The Fund has approximately $1.4 billion in total assets, the net asset value was $13.96 per share and the market price was $11.83 as of April 2, 2012. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions.

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2012, including the percentage of qualified dividend income, will be made after year-end.

The Clough Global Opportunities Fund

The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to achieve this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt. Utilizing the Clough Capital’s global research capabilities, with offices in Boston and Hong Kong, the Clough Global Opportunities Fund will invest in both U.S. and non-U.S. markets. More information on the Clough Global Opportunities Fund, including the Fund’s dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.

Clough is a Boston-based investment advisory firm which manages approximately $3.9 billion in assets: $1.6 billion in hedge fund and institutional accounts; $73 million in open-end mutual funds; and $2.2 billion in three closed-end funds (as of March 31, 2012) – Clough Global Allocation (GLV), Clough Global Equity (GLQ), and the Clough Global Opportunities Fund (GLO). The firm uses a global and theme-based approach and invests in securities on a global basis. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. These three are the portfolio managers for the Clough Global Opportunities Fund, as well as Robert Zdunczyk.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, annual report or semi-annual report which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read them carefully before investing.

The Clough Global Opportunities Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.

Forward-looking statements are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.


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Thursday, February 9, 2012

First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.16 Per Share - Marketwatch

WHEATON, Ill., Feb 09, 2012 (BUSINESS WIRE) -- First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") /quotes/zigman/468577/quotes/nls/fgb FGB -0.83% today declared the Fund's regularly scheduled quarterly distribution payable on February 29, 2012 to shareholders of record on February 24, 2012. The ex-dividend date is expected to be February 22, 2012.

First Trust Specialty Finance and Financial Opportunities Fund (FGB): -------------------------------------------------------------------- Distribution per share: $0.16 Distribution Rate (annualized) based on the February 8, 2012 NAV of 8.47 % $7.56: Distribution Rate (annualized) based on the February 8, 2012 closing 8.90 % market price of $7.19:

A portion of the distribution may be treated as paid from sources other than net investment income, including short-term capital gain, long-term capital gain and return of capital. The final determination of the source and tax status of all distributions paid in 2012 will be made after the end of 2012.

The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide attractive total return. The Fund pursues these investment objectives by investing at least 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies that the Fund's investment sub-advisor believes offer attractive opportunities for income and capital appreciation.

First Trust Advisors L.P., the Fund's investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and competitive municipal underwritings, with collective assets under management or supervision of approximately $51 billion as of January 31, 2012 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Confluence Investment Management LLC ("Confluence"), an SEC registered investment advisor, serves as the Fund's investment sub-advisor. The investment professionals at Confluence have over 80 years of aggregate portfolio management experience. Confluence provides portfolio management and advisory services to both institutional and individual clients. As of January 31, 2012 Confluence managed or supervised over $1.3 billion in assets.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: Investment in this Fund involves management risk; sub-advisor risk; value investing risk; income risk; specialty finance and other financial companies risks; common stock risk; preferred stock and trust preferred securities risk; convertible securities risk; fixed-income securities risk; lower grade and distressed securities risk; business development company risk; REIT, mortgage-related and asset-backed securities risks; infrastructure trust risk; income trust and master limited partnership risks; tax risks; non-U.S. securities risk; currency risk; liquidity risk; leverage risk; non-diversification risk; inflation/deflation risk; market discount from net asset value risk; and market disruption risk. The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings.

The Fund's daily closing New York Stock Exchange price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

SOURCE: First Trust Specialty Finance and Financial Opportunities Fund

First Trust Specialty Finance and Financial Opportunities Fund Press Inquiries: Jane Doyle, 630-765-8775 Analyst Inquiries: Jeff Margolin, 630-915-6784 Broker Inquiries: Jeff Margolin, 630-915-6784

Copyright Business Wire 2012

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Wednesday, January 11, 2012

Clough Global Opportunities Fund Declares a Quarterly Cash Distribution of $0.27 Per Share

DENVER--(BUSINESS WIRE)-- Today, the Clough Global Opportunities Fund (NYSE Amex: GLO) declared a quarterly cash distribution of $0.27 per common share for January 2012. The dividend will be payable on January 31, 2012 to shareholders of record on January 20, 2012.

Clough Global Opportunities Fund Cash Distribution

Ex-Date: January 18, 2012
Record Date: January 20, 2012
Payable Date: January 31, 2012

The Fund has approximately $1.2 billion in total assets, the net asset value was $12.96 per share and the market price was $10.92 as of January 9, 2012. Subject to market conditions, the Fund intends to distribute subsequent regular quarterly cash distributions.

A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2012, including the percentage of qualified dividend income, will be made after year-end.

The Clough Global Opportunities Fund

The Fund is a closed-end fund with an investment objective of providing a high level of total return. The Fund seeks to achieve this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt. Utilizing the Clough Capital’s global research capabilities, with offices in Boston and Hong Kong, the Clough Global Opportunities Fund will invest in both U.S. and non-U.S. markets. More information on the Clough Global Opportunities Fund, including the Fund’s dividend reinvestment plan, can be found at www.cloughglobal.com or call 877-256-8445.

Clough Capital Partners L.P.

Clough is a Boston-based investment advisory firm which manages approximately $3.6 billion in assets: $1.6 billion in hedge fund and institutional accounts; $68 million in open-end mutual funds; and $2.0 billion in three closed-end funds (as of December 31, 2011) – Clough Global Allocation (GLV), Clough Global Equity (GLQ), and the Clough Global Opportunities Fund (GLO). The firm uses a global and theme-based approach and invests in securities on a global basis. Clough was founded in 2000 by Chuck Clough and partners James Canty and Eric Brock. These three are the portfolio managers for the Clough Global Opportunities Fund, as well as Robert Zdunczyk.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, annual report or semi-annual report which contains this and other information visit www.cloughglobal.com or call 877-256-8445. Read them carefully before investing.

The Clough Global Opportunities Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.

Forward-looking statements are based on information that is available on the date hereof, and neither the fund manager nor any other person affiliated with the fund manager has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.


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